NEWS
Secondary properties may be cheaper than new ones
KUALA LUMPUR: The secondary property market in the country has good potential as the prices of the houses could be 30-40 per cent lower than the new ones, said the Malaysia Institute of Estate Agents (MIEA). Its president, Siva Shanker, said many people were unaware of the hidden ‘gems’ in the secondary property market. The buyers should should explore them instead of complaining and whining about the escalating prices of new houses, he said. “The data have proven that property prices in the secondary market are very much similar to those in...
read moreProperty investors and developers urge government to clarify anti-profiteering act
Property investors and developers urge government to clarify anti-profiteering act KUALA LUMPUR, Dec 22 — Property investors and developers want clarifications from the government on the implementation of the Anti-Profiteering Act 2011 alongside the Goods and Services Tax (GST). Managing partner of Syarikat Ong and Tax Consultants, Agnes Wong, said although the government has outlined the guidelines and formulae for the property market, it was still unclear how the property investors and developers would face the GST, with certain issues...
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